Marc Sadler, practice leader at the agriculture and environmental services unit of World Bank, told Bloomberg that “although we are having some good crops, we continue to expand our consumption, so our ability to replenish stocks is challenged."

As Sadler notes, the real challenge facing the agriculture industry is “the environment, the production system, the variables that surround us, are increasingly volatile. It will continue to be a challenge to raise agricultural productivity in a resilient way in the face of climate change and this is the reality we face.”